We all like common stocks, but in this stage of the economic cycle we should also be defensive. Therefore, it’s a perfect time to discuss Chapter 5 of Benjamin Graham’s book The Intelligent Investor – The Defensive Investor and Common Stocks.
The topics we’ll discuss today are:
The thing with the stock market is that it gives you signals way ahead of time, but nobody wants to listen. The things I’ve been blabbering about over the past two years are the following:
So, let’s start by discussing these.
The 10-Year Treasury Passes 3%
When the 10-year Treasury was below 3%, nobody seemed to care except a few crazy analysts like this scribe. However, when it crossed 3%, the market suddenly looked at what had been going on for nearly the last two years. More →
Introduction
Last month, I discussed how silver looks like an interesting risk reward hedge to whatever might happen in the future, from loose monetary policy to even increased industrial demand.
I’ve discussed some silver miners that also represent interesting investing opportunities, so today I’ll first give a short update on silver and continue with my discussion on a few silver miners. More →
Introduction
Last week, the stock market was positive for half of the week and then negative for the remainder. More →
Introduction
I recently wrote about how silver looks good from a risk reward perspective. One of the most interesting silver stocks is First Majestic Silver (NYSE: AG).
AG has been severely hit over the last two years, and it’s now time to look at whether it is a bargain or not, or if the risks are too high. More →
Introduction
When the market is overvalued as it is now and the probabilities of a recession hitting the economy soon are high, one might look for alternative investments to see whether there are some better risk reward opportunities, or at least to find ways to take advantage of the trend.
Two such hot investment trends are marijuana stocks and lithium miners which we discussed yesterday. Today, I’ll touch on marijuana stocks to see whether they will ultimately be a fad that will burn investors or if there is some actual sector earning capacity. More →
Introduction
We all know the story about lithium and the expected surge in demand coming from the electric vehicle boom. However, some stocks haven’t performed as many expected in the last few months, and I want to look at what’s going on to see whether it’s a buying opportunity or if we should still stay clear of lithium miners.
Today, I’ll use a bottom up approach to discuss Lithium Americas (NYSE: LAC). By analyzing the company, we will see how it fits in the lithium environment and what we have to seek out when analyzing investments as there is a high likelihood that lithium will be the place to be over the next 10 years due to its lightness. More →
A stock market crash is always around the corner.
In the last 18 years, we’ve seen two crashes of 50% and if you live in the Netherlands, you still dream of those 2000 highs. Nevertheless, a 9-year bull market quickly erases all the painful memories.
But forgetting what happened and how it looked is dangerous. If you haven’t lived through a stock market crash, you should at least try and think about it in order to be prepared as much as you can be.
Introduction
In this article, I’m going to explain what the yield curve is, what a flattening or steepening yield curve means, how the yield curve impacts the economy, and see whether the current yield curve indicates that we are close to a recession in 2018. More →
Introduction
Today, we’re going to continue our review of Benjamin Graham’s The Intelligent Investor with a discussion on the fourth chapter, General Portfolio Policy: The Defensive Investor.
Graham clearly differentiates between aggressive and defensive investors where an aggressive investor spends a lot of time on research while a defensive one enjoys life. No matter whether you’re aggressive or defensive, this chapter is crucial for this environment as being defensive might be the most aggressive thing one can do. More →
